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Renovated Three-Unit Triplex
New
For Sale
$499,000

7914 S Essex Avenue, Chicago, IL 60617

Each unit has an open layout, central air, and its own washer and dryer area.

Property SizeContact for details
Days on Market4

Property Features for 7914 S Essex Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income

Site & Location

Neighborhood South Chicago

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,837

Amenities

separate washer & dryer area
fenced front & back yard

Building Details

Year Built 1957
Year Renovated 2026
Buildings 1
Listing Agency: RE/MAX 10
Listed By: Priscilla Ball · License #76.225409
Source: Freedomrealtyil
Added: Oct 23 Changed: Oct 25 Last Checked: Oct 26 at 3:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 10

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Investment Insights

Based on property information with market context.

Built in 1957, this triplex contains three units, each with three bedrooms and one bathroom. The open layouts bring natural light into the living areas. Interior updates completed in 2026 include new flooring, trim, doors, windows, recessed lighting, white shaker kitchen cabinets, quartz countertops, and stainless steel appliances. Each unit also has a separate washer and dryer area, central air, and new HVAC equipment and ductwork.

Electrical updates and roof work are also part of the renovation. The property includes fenced front and back yards and a refreshed two-car garage with a new roof.

Key Highlights

  • Three units, each with 3 bedrooms and 1 bathroom
  • Renovation completed in 2026
  • Central air and separate washer and dryer area in each unit

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

962
Businesses Nearby

Demographics for 60617, IL

77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each unit has an open layout, central air, and its own washer and dryer area.
Where is this triplex located?
The property is located at 7914 S Essex Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three units, each with 3 bedrooms and 1 bathroom; Renovation completed in 2026; Central air and separate washer and dryer area in each unit
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